OrCam Layoffs
October 2022
OrCam announced a layoff affecting 62 employees (16% of its workforce) in October 2022. The company operates in the Healthcare sector.
62
16%
Oct 23, 2022
About
In October 2022, OrCam Technologies, an Israeli artificial vision startup founded by Mobileye's Amnon Shashua and Ziv Aviram, laid off 62 employees, representing 16% of its workforce. The layoffs primarily affected staff in Israel and were part of a reorganization under new CEO Elad Serfaty, driven by a downturn in the tech market. OrCam, which develops wearable devices to assist blind and visually impaired individuals, had previously aimed for a $3 billion IPO valuation. The company, operating in the accessibility tech industry, had raised around $130 million and employed several hundred people before the cuts.
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